• Experts Can Help During Florida Divorce Mediation
  • March 23, 2015
  • Law Firm: Daniel M. Copeland Attorney at Law P.A. - Jacksonville Office
  • Many issues need to be covered during the process of constructing a divorce settlement. Many of those issues, such as the couple’s real estate holdings, their retirement plans, and perhaps a co-owned business, are often too complicated for couples to handle on their own. Though the parties may choose divorce mediation to avoid a courtroom battle, the couple may need to bring in some experts into the mediation process to offer advice on issues that they have little experience in.
    If one of the partners wants to exit the business the couple owns, for instance, an expert may be called in to assess what part of the couple’s business will be considered marital property. This expert may also be needed to assign a monetary value to the business in case both parties want to sell or one party wants to buy the other out. Couples need to research the cost of hiring an expert, though, because the benefit must outweigh the cost of hiring the person.
    If the couple wishes to continue to conduct business together, they would be well advised to construct a formal business arrangement as part of the mediation process. Since many married couples who are business co-owners often have no formal statement outlining each person’s duties, percentages of profits, and benefits, negotiating the settlement for such a couple should include such a statement.
    Regardless what the couple decides to do regarding their family business or other topics, they can discuss the detail of the arrangements during their family law mediation sessions with the help of experts that can advise them on the best course of action. Having an evaluation of their business or other co-owned assets can help the couple move on with their lives. The help of experts during divorce mediation can help the couple create a divorce settlement that benefits both parties and allows the couple to walk away satisfied with the result.